$SPX - Chart Link- got the expected bounce as
mapped - NOW let's see how things unfold come Tuesday. Keep
an open mind and trade what's in front of you.
Trade your plan if shorting those stocks - don't worry about
what others are doing. AMZN and NFLX did not gap down today
and thus provided more objective entries. On FB watch 60
minute for double top or divergent high - if that prompts selling
or not into next week.
Not liking labeling a wave d that is above a wave b - instead
looks like a 5th wave completion of some degree following that abc
(4th wave). Not yet confirmed
That's a reasonable target - I simply track the intraday chart
action and don't get consumed with targets. At this stage of
the market advance (with divergences showing) I tend to take
profits quicker.
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SPX 15 Updated View
Posted by steve on 22nd of May 2020 at 04:22 pm
$SPX - Chart Link- got the expected bounce as mapped - NOW let's see how things unfold come Tuesday. Keep an open mind and trade what's in front of you.
Robert Miner's Saying: "Trade don't Forecast"
Have a nice weekend everyone.
Posted by steve on 22nd of May 2020 at 04:14 pm
Have a nice weekend everyone.
Bingo on 2954
Lately we've seen late buying on Friday afternoons - maybe ...
Posted by steve on 22nd of May 2020 at 03:59 pm
Bingo on 2954
Lately we've seen late buying
Posted by steve on 22nd of May 2020 at 03:56 pm
Lately we've seen late buying on Friday afternoons - maybe ES 2954 can be tagged
Take note - the alarms
FB GOOGL AMZN still short?
Posted by steve on 22nd of May 2020 at 03:08 pm
Take note - the alarms ARE not a trigger they are simply a point of reference and delayed data.
Trade your plan if shorting
FB GOOGL AMZN still short?
Posted by steve on 22nd of May 2020 at 02:59 pm
Trade your plan if shorting those stocks - don't worry about what others are doing. AMZN and NFLX did not gap down today and thus provided more objective entries. On FB watch 60 minute for double top or divergent high - if that prompts selling or not into next week.
SPX 3 with Fibs
Posted by steve on 22nd of May 2020 at 12:48 pm
$SPX - Chart Link
SPX Mapping
Posted by steve on 22nd of May 2020 at 12:27 pm
$SPX - Chart Link- here is one path that I will be monitoring into next week. Let's see how the market acts into today's close as well.
https://stockcharts.com/h-sc/ui?s=%24SPX&p=60&yr=0&mn=2&dy=0&id=t3025368500c&a=584502113&r=1590166555613&cmd=print- larger time frame view
IOVA Updated View
Posted by steve on 22nd of May 2020 at 12:02 pm
IOVA - Chart Link
OMI Updated View
Posted by steve on 22nd of May 2020 at 10:16 am
OMI - Chart Link - evening star pattern played out as mentioned last night
SPX 10 Updated View
Posted by steve on 22nd of May 2020 at 09:36 am
$SPX - Chart Link- bust down on bear flag - now have 5 small waves down on SPX cash
NQ Globex Range 9241.50-9408
Posted by steve on 22nd of May 2020 at 08:48 am
NQ Globex Range 9241.50-9408
Several traders likely out for
Gold futures been wild trading past hour, from around 7:30 ...
Posted by steve on 22nd of May 2020 at 08:28 am
Several traders likely out for Holiday Weekend leading to thinner trading and larger gyrations
Got up early today (3:45
Posted by steve on 22nd of May 2020 at 07:54 am
Got up early today (3:45 am) to cover a few hedges (and overnight on ES ) - very volatile Globex Session
ES has bounced back to just above 50% Fib retrace
ES Globex Range 2903.75-2952.50
Thursday Newsletter
Posted by steve on 21st of May 2020 at 08:00 pm
Thursday Newsletter
Not liking labeling a wave
Market commnets
Posted by steve on 21st of May 2020 at 05:04 pm
Not liking labeling a wave d that is above a wave b - instead looks like a 5th wave completion of some degree following that abc (4th wave). Not yet confirmed
https://stockcharts.com/h-sc/ui?s=%24SPX&p=10&b=5&g=0&id=t9718056861c&a=627027475&r=1590093781060&cmd=print
SPX 2980 likely some degree
Posted by steve on 21st of May 2020 at 04:19 pm
SPX 2980 likely some degree of top - hedging today as a start would add to hedges on reflex move higher and cover on stronger move
Reminder: Holiday Weekend Upcoming with
Posted by steve on 21st of May 2020 at 03:01 pm
Reminder: Holiday Weekend Upcoming with Markets Closed on Monday for Memorial Day
JO 60 Updated View
Posted by steve on 21st of May 2020 at 02:57 pm
JO - Chart Link - bear flag broke down from Tuesday
That's a reasonable target -
FLMN Updated View
Posted by steve on 21st of May 2020 at 02:16 pm
That's a reasonable target - I simply track the intraday chart action and don't get consumed with targets. At this stage of the market advance (with divergences showing) I tend to take profits quicker.